January 03, 2013

U.S. Representative Woodall Introduces FairTax w/ Record Support

John Neitz~

U.S. Representative Woodall Introduces FairTax with Record Support
Jan 3, 2013 Issues: FairTax
(WASHINGTON, D.C.) - U.S. Representative Rob Woodall (R-GA-07) introduced his signature legislation, H.R. 25, The FairTax, on Thursday, January 3, 2013—the first day of the 113th Congress—with a record number of original cosponsors in the House of Representatives. The previous record number of original cosponsors was set by Woodall in 2011, and today the bill was reintroduced in the 113th Congress with even more original cosponsors, 53.

“The momentum is building for fundamental tax reform and it’s fueled by the American people,” said Woodall. “We finished the 112th Congress with the highest number of combined cosponsors in the House and Senate that the FairTax has seen. While I wish I could take credit for these gains, I cannot. The credit goes to the tens of thousands of FairTax advocates across America who pursue, with tenacity and zeal, the FairTax’s advancement in their hometown and with their Congressman and Senators. I’m grateful for their hard work and their commitment to America. They are changing minds and making a difference in Congress.”

H.R. 25, the FairTax, repeals the Sixteenth Amendment and replaces our current income tax system with a single, national consumption tax. With the passage of the FairTax, American workers will receive their full paycheck before the federal government gets even a penny.

“The FairTax addresses so many of the challenges Americans face today. By passing the FairTax, Congress can shield middle-class Americans from the burden of the payroll tax, the largest tax burden that most American families bear. The FairTax would make it easier for businesses to grow and hire new workers by abolishing America’s corporate income tax, currently the highest in the world. By passing the FairTax, Congress can also protect Social Security and Medicare for current and future retirees by switching to a more reliable revenue stream and increasing the number of Americans who contribute. We can restore America as the primary destination of jobs and investment from around the world,” Woodall said.

“I am encouraged by the bipartisan, bicameral commitment to tackle fundamental tax reform this year on behalf of the American people. Fundamental tax reform that makes our laws fairer, simpler, and more transparent would unleash America’s economic potential and allow the American people to focus on saving, investing, and succeeding rather than struggling to comply with the interminable tax changes and challenges of the federal government. I join with the hundreds of thousands of patriots across the nation and a record number of House members in calling on Congress to consider the FairTax as part of our economic solution in 2013.”

FairTax v. flat tax=

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